Coca-Cola HBC (CCH.L) - Company Research

Last Updated: 20 September 2026

Coca-Cola HBC AG is the Coca-Cola system's bottler for 29 countries stretching from Ireland to Nigeria, and it is one of the few FTSE 100 constituents where roughly half of profit comes from genuinely emerging markets. FY2025 was the company's fifth consecutive year of double-digit comparable earnings growth: net sales revenue of €11,604.5m, comparable EBIT of €1,356.2m and comparable EPS of €2.724. The story going into 2027 is dominated by one transaction — the US$2.6bn purchase of 75% of Coca-Cola Beverages Africa — and by one unusually concentrated risk, Russia. This report sets out what the filings say, without opinions on whether the shares are cheap.

1. Company Snapshot

Field	Value
Legal name	Coca-Cola HBC AG
Listing	London Stock Exchange Main Market (LSE:CCH, CDIs over CHF 6.70 registered shares, ISIN CH0198251305); secondary listing Athens Exchange (ATHEX:EEE)
Index membership	FTSE 100, FTSE 350, FTSE All-Share
Domicile / HQ	Incorporated in Switzerland; registered office Turmstrasse 26, Steinhausen, Canton of Zug
Sector	Consumer staples — non-alcoholic beverage bottling
CEO / Leadership	Zoran Bogdanovic (Chief Executive Officer); Anastasios Stamoulis (Chief Financial Officer, since 1 May 2024); Anastassis G. David (Chairman, re-elected 8 May 2026)
Employees	More than 33,000 (disclosed with FY2025 results, 10 Feb 2026)
Footprint	29 countries; approximately 760 million consumers served
Reporting currency	Euro (€), IFRS; financial year ends 31 December
Revenue (FY2025, net sales revenue)	€11,604.5m (reported +7.9%; organic +8.1%)
Net profit attributable (FY2025)	€940.4m (+14.6%)
Volume (FY2025)	2,997.4m unit cases (organic +2.8%)
Market capitalisation	Approximately £15.5bn (364.46m shares in issue at 4,248p, LSE close 18 Sep 2026; the shares had been valued near £16.7bn on 9 Sep 2026 before a 7.9% single-session fall)
Major shareholders	Kar-Tess Holding (Leventis family) approximately 23%; The Coca-Cola Company approximately 21%; free float approximately 56%

2. Bull Case and Bear Case

Bull Case

• Emerging-market mix is doing the heavy lifting: Emerging markets delivered 47% of FY2025 net sales revenue and 54% of comparable EBIT, on organic revenue growth of 13.2% and organic EBIT growth of 23.2% — a growth profile most Western European staples businesses cannot match.
• Margin and returns are compounding, not just revenue: Comparable EBIT margin has moved from 10.1% in FY2022 to 11.7% in FY2025, and return on invested capital from 14.1% to 19.4% over the same period, so the earnings growth is not simply volume plus price.
• Balance sheet has unusual headroom: Net debt of €1,232.9m at FY2025 year-end equated to 0.7x comparable adjusted EBITDA against a stated mid-term target range of 1.5x to 2.0x, which is what allowed a US$2.6bn acquisition to be funded largely with debt.
• CCBA materially changes the addressable market: On completion, management expects the enlarged group to represent roughly two-thirds of Africa's total Coca-Cola system volume and to cover more than half the continent's population, making CCH the world's second-largest Coca-Cola bottler.
• Guidance was raised, not trimmed, at the half: With H1 2026 results on 5 August 2026 management moved FY2026 organic revenue growth to the top end of the 6% to 7% range and organic EBIT growth to 8% to 10%, from a prior 7% to 10%.

Bear Case

• Russia is a concentrated, unhedgeable exposure: CCH continues to operate a self-sufficient local-brand business in Russia, where FY2025 volume grew 2.6%. Sell-side work published in August 2026 estimated Russia could account for 30% to 40% of FY2026 group EBIT and EPS — a sanctions and expropriation risk with no obvious mitigation.
• Established markets are barely growing: The Established segment, 31% of revenue, delivered organic revenue growth of just 2.3% in FY2025 and organic EBIT that went backwards by 2.8%, so the group average conceals a stagnant developed-market core.
• Emerging-market currencies cut both ways: The same Nigerian naira, Egyptian pound and Russian rouble exposures that flattered organic growth are identified by the company itself as its first-listed principal risk, mitigated only by rolling 12-month hedges covering 25% to 80% of exposure.
• CCBA integration is a genuinely new kind of execution risk: Management has added CCBA integration as a new principal risk and is standing up a dedicated Integration Management Office; the deal roughly doubles the African footprint of a company whose track record is in Europe.
• Leverage is about to normalise: The €2.1bn of bonds issued in March 2026 had already pushed non-current borrowings to €4,506.3m by the H1 2026 balance sheet date, so the 0.7x leverage that looks like a strength today is a transitional figure.

3. Revenue Segments

Coca-Cola HBC reports three geographic segments. The FY2025 split below reconciles exactly to reported net sales revenue of €11,604.5m and to comparable EBIT of €1,356.2m.

Segment	% of revenue	What it is
Emerging	47.0% (€5,453.0m)	Nigeria, Egypt, Russia, Romania, Ukraine, Serbia, Bulgaria, Croatia, Bosnia, Belarus, Moldova, Armenia, North Macedonia and Kosovo. 63% of group volume (1,879.4m unit cases) and 54% of comparable EBIT (€735.4m), at a 13.5% EBIT margin. Organic revenue +13.2%, organic EBIT +23.2%.
Established	31.0% (€3,599.7m)	Greece, Italy, Switzerland, Austria, Ireland and Northern Ireland. 21% of volume (631.6m unit cases) and 28% of comparable EBIT (€378.6m), at a 10.5% EBIT margin. Organic revenue +2.3%, organic EBIT -2.8%.
Developing	22.0% (€2,551.8m)	Poland, Hungary, Czech Republic, Slovakia, Slovenia, Estonia, Latvia and Lithuania. 16% of volume (486.4m unit cases) and 18% of comparable EBIT (€242.2m), at a 9.5% EBIT margin. Organic revenue +6.1%, organic EBIT +5.6%.

By beverage category, sparkling soft drinks remain the core of the business at approximately 70% of FY2025 volume, with Energy, Water, Juice, Coffee, Ready-to-drink Tea, Adult Sparkling and Premium Spirits making up the balance. Energy recorded a tenth consecutive year of double-digit growth in FY2025.

4. Business Model and Moat

How it makes money. Coca-Cola HBC buys concentrate and beverage base from The Coca-Cola Company, then manufactures, packages, merchandises, sells and distributes the finished product inside exclusive, long-dated territory franchise agreements. Revenue is volume multiplied by revenue per unit case; the profit lever management pulls hardest is revenue per unit case, which grew 5.1% organically in FY2025 against organic volume growth of 2.8%. That mix — price and pack architecture ahead of raw volume — is what produced the 60 basis points of reported comparable EBIT margin expansion.

Where the moat sits. Three places. First, the franchise itself: the territory agreements are exclusive and long-dated, and no competitor can sell Coca-Cola in CCH's markets. Second, physical route-to-market — direct store delivery into a fragmented base of small outlets across Nigeria, Egypt and South East Europe is extremely capital- and relationship-intensive to replicate, and the cold-drink equipment estate that sits inside those outlets is both a barrier to entry and a switching cost. Third, alignment: The Coca-Cola Company owns roughly 21% of CCH's equity, so the franchisor is also a large shareholder rather than a pure counterparty.

What the portfolio covers. Licensed brands include Coca-Cola, Coca-Cola Zero Sugar, Fanta, Sprite, Schweppes, Kinley, FuzeTea, Powerade, Cappy and Monster Energy. Owned and partner brands include Costa Coffee and Caffè Vergnano in coffee, Finlandia Vodka in spirits, and distribution agreements with Brown-Forman, Bacardi and Edrington that extend the shelf into the evening occasion.

The structural weakness in the model. Bottlers do not own the brands they sell and do not set concentrate pricing. CCH must buy its entire concentrate requirement from a single supplier, and the economics of that relationship are negotiated rather than contractually capped. That is the permanent trade-off for the exclusivity.

5. Financial Health

All figures below are taken from Coca-Cola HBC's own full-year results announcements and the FY2025 factsheet. Net sales revenue is stated in euro millions.

Fiscal Year	Revenue (€m)	YoY %	GAAP EPS	Adjusted EPS	Dividend/share	Long-term debt (YE)
FY2021	7,168.4	n/d†	€1.499	€1.584	€0.71	Not disclosed in FY2021 release
FY2022	9,198.4	+28.3%	€1.134	€1.706	€0.78	€3,082.9m
FY2023	10,184.0	+10.7%	€1.730	€2.078	€0.93	€2,476.4m
FY2024	10,754.4	+5.6%	€2.253	€2.275	€1.03	€3,091.9m
FY2025	11,604.5	+7.9%	€2.589	€2.724	€1.20	€3,107.4m

† The FY2021 year-on-year movement is not shown because the FY2020 comparative base sits outside this table. Adjusted EPS is the company's own "comparable EPS" measure, which strips restructuring, acquisition costs and certain non-cash items. The FY2022 gap between GAAP EPS of €1.134 and comparable EPS of €1.706 reflects a large non-cash charge on the Russian business in that year.

Quarter / Half	Revenue	Adjusted EPS	GAAP EPS
H1 2026 (26 weeks to 3 Jul 2026)	€6,229.4m	€1.507	€1.441
H2 2025 (derived)‡	€5,984.2m	€1.416	€1.292
H1 2025 (26 weeks to 27 Jun 2025)	€5,620.3m	€1.308	€1.297
FY2025 total	€11,604.5m	€2.724	€2.589

‡ Coca-Cola HBC reports on a half-yearly basis and issues volume-and-revenue trading updates at Q1 and Q3 without an earnings figure, so half-years are the shortest period for which EPS exists. The H2 2025 row is derived as the FY2025 total less the reported H1 2025 figures and is not a company-reported line item.

Balance sheet at 31 December 2025. Current borrowings €805.6m and non-current borrowings €3,107.4m gave total borrowings of €3,913.0m. Against that sat cash and cash equivalents of €2,541.7m plus other financial assets (time deposits and money-market funds) of €115.2m, and an interest-rate swap fair value of negative €23.2m, producing company-reported net debt of €1,232.9m, or 0.7x comparable adjusted EBITDA of €1,807.5m. That is well inside the stated 1.5x to 2.0x mid-term target. The picture has since changed: following the €2.1bn three-tranche euro bond issue in March 2026 raised to fund CCBA, the H1 2026 balance sheet showed current borrowings of €1,662.5m and non-current borrowings of €4,506.3m, with net debt of €1,413.6m.

Cash generation in FY2025. Net cash from operating activities excluding acquisition costs paid was €1,527.6m, against capital expenditure of €827.6m (of which €764.1m was payments for property, plant and equipment), giving company-reported free cash flow of exactly €700.0m. Capex at 7.1% of revenue sat inside the company's 6.5% to 7.5% target band. Depreciation and impairment of property, plant and equipment including right-of-use assets was €430.7m, and amortisation and impairment of intangibles €1.5m, for a total D&A add-back of €432.2m against reported operating profit of €1,305.6m.

6. Valuation Metrics

Raw metrics, September 2026. Not opinions on whether the stock is cheap or expensive.

Metric	Value
Market cap	Approximately £15.5bn / €18.0bn (364.46m shares at 4,248p, LSE close 18 Sep 2026; converted at GBP/EUR 1.1656)
Enterprise value	Approximately €19.3bn (market cap €18.0bn + total borrowings €3.91bn − cash and other financial assets €2.66bn, per the 31 Dec 2025 balance sheet)
Trailing P/E (GAAP)	Approximately 19x (share price 4,248p = €49.51 divided by FY2025 basic EPS of €2.589). On the company's comparable EPS of €2.724 the same price is approximately 18x. A third-party screen quoted 18.8x on 18 Sep 2026.
P/E (forward)	Approximately 16x, derived: FY2025 comparable EPS of €2.724 grown at the low-to-mid teens rate implied by H1 2026 comparable EPS growth of 15.2% and FY2026 guidance of 8% to 10% organic EBIT growth gives roughly €3.10 to €3.15 for FY2026. No analyst estimate is used.
P/S (TTM)	Approximately 1.6x (market cap €18.0bn / FY2025 net sales revenue €11,604.5m)
EV/EBITDA (TTM)	Approximately 11.1x. EBITDA = FY2025 reported operating profit €1,305.6m + total D&A add-back €432.2m = €1,737.8m. This uses the wider cash-flow D&A total (PPE and right-of-use depreciation and impairment €430.7m plus intangible amortisation and impairment €1.5m). On the company's own comparable adjusted EBITDA of €1,807.5m the multiple is approximately 10.7x.
P/FCF	Approximately 25.8x (market cap €18.0bn / FCF €700.0m; FCF = FY2025 operating cash flow €1,527.6m − capital expenditure €827.6m, which reconciles exactly to the company's reported free cash flow)
Dividend yield (trailing)	Approximately 2.1% (FY2025 dividend of €1.20 per share, paid 9 Jun 2026)
Net debt / EBITDA	0.7x at 31 Dec 2025 (company-stated, on comparable adjusted EBITDA), against a 1.5x to 2.0x mid-term target
52-week high	5,195p (6 Jul 2026)
52-week low	3,270p (6 Oct 2025)
Short interest (% of float)	n/a — no disclosable net short position in LSE:CCH was found for September 2026. UK disclosure only bites at 0.5% of issued share capital and the long-running public aggregator ShortTracker ceased operating in 2026; verify against the FCA's daily short-positions data file. The thinly traded US OTC ADR line (CCHGY) showed 4,600 shares short at the 15 Sep 2026 settlement, effectively 0.0%, but that is a different instrument.
Days to cover	n/a — not published for the LSE line, for the same reason as above. The OTC ADR line reported 0.0 days to cover at the 15 Sep 2026 settlement.

You can track the price action against these levels on the ChartsView Live Charts page.

7. What Are They Building

Capital expenditure of €827.6m in FY2025 went into three places: production and packaging capacity in the emerging markets, supply-chain automation and digital infrastructure, and energy-efficient cold-drink equipment. H1 2026 capex was already 35.9% higher year on year at €378.9m, which is the clearest signal of where management thinks the growth is.

On the digital side, the company has been extending revenue growth management analytics and AI-driven segmented execution — the "Ignite Naija" consumer and customer data programme run jointly with The Coca-Cola Company in Nigeria is the flagship example — and opened a Digital Hub in Egypt during H1 2026 to support group-wide transformation.

Three category bets are running in parallel. Coffee was restructured from the start of 2025 to focus Costa Coffee and Caffè Vergnano on the out-of-home channel; out-of-home coffee volumes grew 26.5% in FY2025 and 24.5% in H1 2026, even as total coffee volumes fell because the at-home business was deliberately deprioritised. Energy delivered a tenth consecutive year of double-digit growth, with Monster in the Established and Developing segments and the company's own Predator and Fury brands in Africa. Premium spirits is the newest leg, built on Finlandia Vodka plus distribution partnerships with Brown-Forman, Bacardi and Edrington.

On sustainability, the "Mission 2025" target set has largely been met and the company is working to a "NetZeroby40" transition plan. Deposit return schemes were extended to Austria and Poland during 2025, taking CCH to ten DRS markets, with return rates above 80% in Romania, Hungary and Austria.

The single biggest project, though, is CCBA. An Integration Management Office is being stood up ahead of completion, and management has signalled an intention to pursue a secondary listing on the Johannesburg Stock Exchange to reflect the enlarged African footprint.

8. Competitive Landscape

Coca-Cola bottlers do not compete with each other for territory — the franchise agreements are exclusive — so the peer set below is a comparison of scale and growth rather than of direct rivalry. Anheuser-Busch InBev is included as the relevant large-cap comparator for emerging-market beverage distribution economics.

Peer	Market cap (September 2026)	Key 2025 metric
Coca-Cola Europacific Partners (LSE:CCEP)	Approximately £34.2bn, on 440.5m shares at 7,755p (LSE, 17 Sep 2026)	FY2025 revenue €20,901m, reported growth +2.3%; reported operating profit €2,793m; reported diluted EPS €4.26 (per CCEP's FY2025 preliminary results and SEC Form 20-F XBRL data)
The Coca-Cola Company (NYSE:KO)	Approximately US$383bn (September 2026)	The franchisor rather than a bottler; sells concentrate to CCH and owns roughly 21% of its equity. Trailing twelve-month revenue of approximately US$49.3bn as at September 2026.
Coca-Cola Consolidated (NASDAQ:COKE)	Approximately US$12.5bn (8 Sep 2026)	FY2025 net sales US$7,228.1m and operating income US$950.7m — the highest revenue, gross profit and operating income in the company's history (per its FY2025 Form 10-K)
Coca-Cola İçecek (BIST:CCOLA)	Approximately US$4.0bn (September 2026)	FY2025 net sales revenue of TRY 187bn, up 3.9%, on volume growth of 8% to 1.6bn unit cases — the closest structural comparator to CCH, being a Turkey-anchored bottler with Central Asian emerging-market exposure
Anheuser-Busch InBev (NYSE:BUD)	Approximately US$157bn (September 2026)	Included for scale reference in emerging-market beverage distribution; a company-specific FY2025 metric could not be verified from a primary filing during this research pass and is therefore not stated

The comparison that matters most is the first row. CCEP is roughly 1.8 times CCH's revenue and 2.2 times its market capitalisation, but grew FY2025 revenue 2.3% against CCH's 7.9%. The two businesses are the same model pointed at different halves of the world.

9. Insider Activity

Coca-Cola HBC files PDMR share-dealing notifications with unusual frequency — more than fifty entries in the 2026 RNS feed alone — but almost all of them are mechanical. The pattern is a roughly monthly Employee Share Purchase Plan cycle in which executives make a fixed contribution and the company adds a match. Chief Executive Zoran Bogdanovic participates in every cycle, as do the Chief Financial Officer and the Chief Operating Officer, and the sums involved are in the low thousands of pounds rather than the hundreds of thousands. The table below shows the most recent filing in full.

Name	Date	Type	Shares	Price	Value	Plan Type
Zoran Bogdanovic (Chief Executive Officer)	17 Sep 2026	Buy	126.682 contribution + 48.472 match	£46.57121	£8,157.13	Employee Share Purchase Plan
Anastasios Stamoulis (Chief Financial Officer)	17 Sep 2026	Buy	28.157 contribution + 23.043 match	£46.57121	£2,384.36	Employee Share Purchase Plan
Panagiota Kalogeraki (Chief Operating Officer)	17 Sep 2026	Buy	95.410 contribution + 36.333 match	£46.57121	£6,135.49	Employee Share Purchase Plan
Jan Gustavsson (General Counsel and Company Secretary)	17 Sep 2026	Buy	65.530 contribution + 25.119 match	£46.57121	£4,221.66	Employee Share Purchase Plan
Zoran Bogdanovic (Chief Executive Officer)	18 Aug 2026	Buy	120	4,552.92p	£5,463.50	Employee Share Purchase Plan

Across the RNS entries reviewed for the period February to September 2026, no large discretionary open-market director sale was found. A dense cluster of filings in mid-to-late February 2026, immediately following the FY2025 results, is consistent with long-term incentive plan vesting rather than opportunistic dealing. Note that this review covered the most recent pages of the RNS feed rather than the full multi-year history.

10. Key Risks

• Russia concentration: CCH continues to run a self-sufficient, local-brand business in Russia. Independent sell-side estimates published in August 2026 put Russia at 30% to 40% of FY2026 group EBIT and EPS. Any tightening of sanctions, forced divestment or asset seizure would remove a disproportionate share of group profit with no ready replacement.
• Emerging-market currency volatility: The company's own first-listed principal risk is volatility in the Nigerian naira, Egyptian pound and Russian rouble, compounded by consumer purchasing-power risk in those markets. Mitigation is limited to rolling twelve-month hedges covering 25% to 80% of exposure, which defers rather than removes the impact.
• CCBA integration execution: Newly added as a principal risk. The transaction roughly doubles African exposure and brings in a business with different systems, governance and culture. Underdelivery on synergies, IT incompatibility or talent attrition are the specific failure modes management has named.
• Franchise dependence on a single supplier: CCH must purchase its entire concentrate requirement from The Coca-Cola Company. The territory agreements are exclusive and long-dated, but concentrate pricing is negotiated rather than capped, and a strategic change at the franchisor flows straight through to CCH's economics.
• Sugar and health taxation: The company flags rising government use of discriminatory sugar and health-related taxation, particularly across the EU, with the residual risk trend marked as increasing. Each new levy is a margin event that must be recovered through price or mix.
• Input cost and packaging regulation: PET, aluminium and recycled PET price volatility, EU packaging-waste regulation, and hard-currency liquidity constraints on procurement in emerging markets all bear directly on cost of goods.
• Geopolitical and security environment: The company marks this risk trend as increasing, covering employee safety and business interruption arising from the Russia-Ukraine war, Middle East conflict and trade-route disruption.
• Leverage normalisation: Net debt of 0.7x EBITDA at FY2025 year-end is a transitional figure. The €2.1bn bond issue in March 2026 and the cash cost of CCBA will move leverage toward the stated 1.5x to 2.0x target range, reducing the balance-sheet optionality that is currently a support.

11. Recent Developments

• 18 Sep 2026 — Shares fall 7.9% in a single session. The stock closed at 4,248p, down 362p, taking the market capitalisation to approximately £15.5bn. Contemporaneous trade coverage did not identify a specific company announcement as the catalyst.
• 09 Sep 2026 — Chief Executive presents at the Barclays Global Consumer Conference. Zoran Bogdanovic took part in a fireside chat at the nineteenth annual conference in Boston.
• 05 Aug 2026 — H1 2026 results and a guidance upgrade. Net sales revenue of €6,229.4m, organic revenue growth of 9.6% and organic comparable EBIT growth of 15.2%. FY2026 organic revenue growth was moved to the top end of the 6% to 7% range and organic EBIT growth to 8% to 10%, from 7% to 10%. Net finance cost guidance improved to €40m to €50m and FX flipped from a headwind to a modest tailwind.
• 07 Jul 2026 — Egypt investor event held in Cairo. A "Bitesize Investor" session on the Egyptian business, which had grown FY2025 volumes 13.2%.
• 08 May 2026 — AGM approves the board and the dividend. Chairman Anastassis G. David was re-elected; Bruno Pietracci and Lara Salame Boro joined as non-executive directors while Henrique Braun and Charlotte J. Boyle retired. The FY2025 dividend of €1.20 per share was declared, with a record date of 15 May 2026 and payment on 9 Jun 2026.
• 26 Mar 2026 — €2.1bn of euro bonds priced in three tranches. €700m due 2028 at 3.375%, €600m due 2030 at 3.625% and €800m due 2033 at 4.000%, raised to refinance the CCBA bridge facility.
• 10 Feb 2026 — FY2025 results. Organic revenue growth of 8.1% to €11,604.5m, organic comparable EBIT growth of 11.5% to €1,356.2m, comparable EPS up 19.7% to €2.724 and a proposed dividend of €1.20, up 17%. Initial FY2026 guidance of 6% to 7% organic revenue growth and 7% to 10% organic EBIT growth.
• 21 Oct 2025 — Agreement to acquire 75% of Coca-Cola Beverages Africa. A combined US$2.6bn purchase from The Coca-Cola Company and Gutsche Family Investments, implying a 100% equity value of US$3.4bn, with GFI also receiving CCH shares equal to approximately 5.47% of the enlarged share capital. Announced alongside the Q3 2025 trading update.

On the CCBA timetable specifically: management confirmed at the half year that four of six required antitrust clearances had been obtained, and that in July 2026 the South African Competition Commission recommended the Competition Tribunal approve the transaction subject to conditions. Completion remains guided to the second half of 2026.

12. Key Dates

• 24 Sep 2026 — Bernstein Second Annual Consumer Conference, London
• 04 Nov 2026 — 2026 third quarter trading update (marked provisional on the company's investor calendar)
• Expected Dec 2026 — Completion of the Coca-Cola Beverages Africa acquisition, guided by management to the second half of 2026; no precise completion date has been published
• Expected Feb 2027 — FY2026 full-year results; not yet confirmed on the investor calendar, but the FY2023, FY2024 and FY2025 results were released on 14 Feb 2024, 11 Feb 2025 and 10 Feb 2026 respectively
• Expected May 2027 — 2027 Annual General Meeting and declaration of the FY2026 dividend; the 2026 AGM was held on 8 May 2026
• TBC — Secondary listing on the Johannesburg Stock Exchange, which management has said it intends to pursue after CCBA completes

Coca-Cola HBC pays a single annual dividend rather than an interim and a final, so the next ex-dividend and payment dates will follow the 2027 AGM. There is no Capital Markets Day currently scheduled; the most recent was held in May 2023. Scheduled macro events that move consumer staples are tracked on the ChartsView Economic Calendar, and you can discuss this report with other members in the ChartsView Forum.

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